Now these are bigger bonus cuts than rivals.
Citi Chairman Richard Parsons is said to be considering standing down, and is expected to reach a decision in the next few weeks.
Warburg Pincus, a leading global private equity firm focused on growth investing, has named nine professionals as new Managing Directors - the promotion of seven principals and the hiring of two new professionals.
In case you missed them, here's this week's top stories
Looks like Barclays is between a rock and a hard place.
Next chief executive Lord Wolfson has pledged to raise shopfloor wages at the retailer by at least 5%, offering to share his bonus among staff if there is a shortfall in funding.
HSBC is preparing to bring in new non-executive directors to overhaul a board that has faced intense scrutiny following revelations of its Swiss arm’s involvement in tax evasion.
Ho Ching, CEO of Singapore's wealth fund Temasek, will go on a three-month sabbatical leave, the firm said on Wednesday.